$1 Proof

Merchants Bank, Nashville


Merchants Bank was formed as a Free bank in 1856 and remained in business until 1863. The main focal point of the design is a busy harbor scene with the steamer Pacific at left. This note came from a single $1-$1-$1-$5 uncut sheet in the 1990 ABNCo Archives sale. These three $1s are very likely to represent the total surviving population of $1 proofs of this design.